World Courant
Egypt’s Ministry of Petroleum and Mineral Assets and the UAE’s Fujairah Emirate authorities started implementing the phrases of the cooperation settlement they signed in August, and Egyptian ports acquired the primary oil tanker underneath this settlement.
The settlement contains the switch of expertise within the growth of the Port of Fujairah and the institution of an oil logistics zone within the Al Hamra port space on the Mediterranean Sea; investing in Egypt’s pre-eminent geographic location.
The 2 sides signed a cooperation settlement within the presence of Egyptian Prime Minister Mostafa Madbouly, Minister of Petroleum and Mineral Assets Karim Badawi, and Mohammed Saeed Al Dhanhani, Director of the Authorities of Fujairah Emiri Diwan, which is able to, amongst different issues, facilitate commerce in petroleum merchandise by way of port services and the supply of oil. petroleum merchandise to cowl a few of the native wants in Egypt.
The Minister of Petroleum defined this throughout his reception from Advisor Ahmed Adel Attia, Advisor to the Authorities of Fujairah, and the CEO of the Fujairah Worldwide Oil and Gasoline Company Hani Abdel Moneim, that this cooperation falls inside the framework of strengthening Egypt’s function as a regional middle for oil buying and selling, and investing inside the infrastructure elements of the prevailing ports and services and their growth.
The minister expressed his delight in launching cooperation between the 2 sides in preparation for finalizing the phrases of cooperation to rework the Hamra port space on the Mediterranean Sea right into a logistics space for the commerce of petroleum merchandise.
This opens new horizons for work between Egypt and the UAE within the petroleum area.
Egypt and UAE start agreements together with growth of Hamra port
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